VAT Group Ltd

Latest Results (18.12.2024):

Net Sales Decline

In the fiscal year 2023, VAT Group Ltd reported net sales of CHF 885.3 million, marking a 22.7% decrease from the previous year's CHF 1,145.5 million. This decline reflects the challenging market conditions and macroeconomic uncertainties that impacted the company's performance compared to the record levels achieved in 2022.

Profitability Metrics

VAT Group Ltd's gross profit for 2023 was CHF 546.7 million, down 25.5% from CHF 733.7 million in 2022. The gross profit margin also decreased to 61.7% from 64.1% in the previous year. Despite these declines, the company maintained a robust EBITDA margin of 30.6%, although it was lower than the 35.0% margin recorded in 2022.

Net Income and Earnings Per Share

The company's net income for 2023 was CHF 190.3 million, representing a 38.0% decrease from CHF 306.8 million in 2022. Consequently, the basic earnings per share dropped to CHF 6.35 from CHF 10.23, reflecting the overall reduction in profitability during the year.

Dividend Proposal

Despite the challenging year, VAT Group Ltd's Board of Directors proposed a dividend of CHF 6.25 per share for 2023, consistent with the previous year's payout. This decision underscores the company's commitment to returning value to shareholders even amidst a downturn in financial performance.

Outlook for 2024

Looking ahead, VAT Group Ltd anticipates a market recovery in 2024, driven by renewed investments in the semiconductor industry. The company is strategically investing in innovation and production capacity to capitalize on these growth opportunities and aims to outgrow the market during the expected recovery phase.